Press Release 11 August 2021

Away Resorts To Acquire Aria Resorts

The Real Estate Industry and Hospitality and Leisure teams advised Angelo Gordon on the sale of its Aria Resorts holiday park business to CVC Capital Partners and Away Resorts.

Goodwin has represented Angelo Gordon’s wider European real estate business since 2012 and specifically its Aria Resort platform from its establishment in 2017, advising on all aspects of the business as it has grown to be one of the largest holiday resort groups in the UK. Goodwin’s real estate industry and hospitality and leisure experts have acted for the Aria Resorts group on acquisitions, disposals, asset management, financing, IP, data protection, tax, and structuring.

The newly formed group will welcome over 750,000 holiday-makers a year and be one of the largest holiday resort brands in the UK with over 20 high-quality holiday park resorts and one award-winning luxury boutique hotel across attractive coastal and country locations. Away and Aria bring a clear focus on guest experience, and the delivery of new and innovative products and services.

Mike Diana, Managing Director at Angelo Gordon, commented: “The Goodwin team has partnered with us since the inception of the Aria Resorts platform and the support of their industry experts has been invaluable in helping to grow the business. Their ability to focus on commercial issues and provide innovative solutions were fundamental to securing this transaction in an extremely tight timeframe. We look forward to continuing our close working relationship with Goodwin across our European real estate business.”

The Goodwin team was led by partners James Spence and Martin Smith with senior associates Melissa Wilkins and Claire Haley.